Magee will be based in Caplin's New York office and will lead the sales, business development, and sales engineering for the region. He brings over 25 years' experience to the role, having worked with Citi, a long-term Caplin client, FENICS, Barclays and most recently Markit.

"This is a great time to be joining Caplin," says Magee. "The company is already enjoying strong success in the US and Canada, providing e-distribution capabilities to the largest banks and wealth managers as well as many smaller firms. It's exciting to be part of such an innovative business in a dynamic and fast-growing market."

Magee will ensure Caplin continues to support its tier one banking clients, enabling them to meet the buy side's rising demand for mobile web-trading services. He will also look to build on Caplin's successful track record in providing regional firms with a highly profitable direct electronic channel to market.

"We have every confidence that Ed can take Caplin to the next level in the US," says COO, John Ashworth. "With his banking and technology background, Ed brings a unique understanding of the US banking market's challenges and aspirations, and is best placed to ensure our technology can directly address the region's particular requirements."